Friday, January 06, 2012

The Revolving Door of Access, Power and Privilege Continues to Spin.

On behalf of global corporate interest President Obama has nominated a fox to guard the hen house. That's right. While President Obama was vacationing in Hawaii, he nominated Jerome Powell, a former Carlyle Group executive, former hedge fund insider, to serve on the Federal Reserve Board of Governors.

The Carlyle Group is a massive private equity firm.  It is "an immensely powerful company with virtually no scrutiny," and is one of the most powerful, well-connected, and secretive companies in the world.

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